Magnum Hunter Resources To Acquire NuLoch Resources: Magnum Hunter’s Move To Expand Its Business

Pages: 7 Published: March 01, 2011 Report Code: GDGE0272MA

  • Overview
  • Contents
  • Tables
  • Figures
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Magnum Hunter Resources Corporation (Magnum Hunter) entered into a definitive agreement to acquire NuLoch Resources Inc. (NuLoch) for a purchase consideration of approximately $327m. The transaction is subject to regulatory, stock exchange, court and shareholder approvals of NuLoch and Magnum Hunter and is expected to close on or before April 30, 2011. The transaction implies deal values of $210,854.38 per boe of daily production, $55.38 per boe of 1P reserves and $35.54 per boe of 2P reserves.

Scope

Rationale behind Magnum Hunter acquiring NuLoch,

Strategic Benefits for the companies involved,

Geography covered -Canada

Reasons to Buy

Develop a sound understanding of the major M&A's, Partnerships, And Joint Ventures taking place in North American Oil & Gas industry

Identify the most lucrative segments to leverage on the growth oppurtunities available in the Canada's oil & gas market

Get a detailed analysis of a deal to enable you to take better decisions

Table of Contents

1 Table of Contents 1

1.1 List of Tables 1

1.2 List of Figures 1

2 Magnum Hunter Resources To Acquire NuLoch Resources 1

2.1 Deal Overview 1

2.2 Deal in Brief 1

2.3 Magnum Hunter Enters into Agreement with Williston Basin Focused NuLoch 1

2.4 The Current Deal is in Line with Magnum Hunter’s Objective to Focus on Three Core Areas of Bakken, Marcellus and Eagle Ford 2

2.5 The Current Deal Would Enhance NuLoch’s Portfolio As Magnum Hunter is Present in Three Shale Plays in North America 3

2.6 Magnum Hunter – NuLoch Deal is Over-Priced As Compared to Other E & P Asset Transactions in North America in 2011 3

2.7 Deal Financials and Valuations 4

3 Appendix 6

3.1 Methodology 6

3.2 Contact Us 7

3.3 Disclaimer 7

List of Tables

Table 1: Magnum Hunter, Asset Transactions, Acquisitions and Partnerships Details, 2009-2011 3

Table 2: North America, E&P Asset Transactions and Acquisitions Details, 2011 4

Table 3: Companies Involved 4

Table 4: Financials of the Deal 4

Table 5: Advisor Information 4

Table 6: Target Information 4

Table 7: Target’s Financial Information 5

Table 8: Share Price Information 5

Table 9: Target’s Production and Reserves Information 5

Table 10: Company Valuation Multiples 5

Table 11: Acquirer Information 5

Table 12: Commodity Prices in $, Last Close 6

List of Figures

Figure 1: Magnum Hunter, Operations Map 2

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